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To report a capital loss yet retain a position in the relinquished asset, clients can double up in November and sell the original holding after waiting more than 30 days.

The Fed will probably hold down its target interest rate long after ending $85 billion in monthly bond buying, and possibly after unemployment falls below 6.5% said the Fed chairman.

Bank of America exceeded $15.06 yesterday, the price on the day before Brian T. Moynihan became chief executive officer almost four years ago.

Lincoln National topped $10 billion in individual variable annuity sales in the nine months ended Sept. 30, the most in at least six years, as rivals retreated from the contracts.

In the wake of this summer's Supreme Court ruling on the Defense of Marriage Act and Prop 8 -- as well as ensuing federal clarifications related to tax rules, employee spousal benefits and more -- same-sex couples now say they need help with financial planning.

Government officials believe ever-intensifying regulatory requirements will force the largest banks to shrink and simplify to the point they are no longer a threat to the financial system. But bankers see a different future.

U.S. Bancorp Fund Services Acquires Quintillion Limited

JPMorgan Reaches Record $13 Billion Mortgage Pact With U.S.

New ETF Products Aim for Higher Yield

The firm added two family wealth advisors in New York and Boston.

JPMorgan Chase & Co. reached a $13 billion deal with the U.S. Justice Department that ends probes into the bank’s sale of mortgage bonds, the largest amount paid by a financial firm in a settlement with the government.

G. Moffett Cochran, co-founder and chief executive officer of Silvercrest Asset Management Group Inc., a New York-based firm catering to wealthy families, which went public in June, has died. He was 63.

Women have larger client accounts and price more consistently, according to a new study from Pricemetrix

Essential elements of a risk-based plan include a thorough analysis of future cash flows combined with in-depth conversations regarding the client’s priorities and goals for a variety of scenarios including death, disability, long-term care, property losses and civil suits.

Vanguard Fund Manager Relinquishes PM Responsibilities

Mutual Fund Trends - Same Themes, Different Decade

GMO’s Inker Sees U.S. Stocks Losing Ground in Next 7 Years

The Standard & Poor’s 500 Index will have negative inflation-adjusted returns during the next seven years because U.S. stocks are so overvalued, said Ben Inker, head of global asset allocation at investment firm Grantham Mayo Van Otterloo & Co.

The $8.5 billion settlement reached with Bank of America gave mortgage-bond investors more than twice what they would have recovered through litigation and was an “easy decision,” an attorney for the trustee who negotiated the deal said.

The selling advisor tends to think their practice is worth a lot more than it may be. Here are five things to ask the selling advisor and the appraiser before you buy a practice.